economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
6301. The presidents most important role is as_______________?
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A. administrator

B. foreign policy maker

C. ceremonial representative of the U.S

D. legislator

6302. Social ranking is based on________________?
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A. age

B. wealth

C. sex

D. all of the above
6303. A makeshift organizational network which often parallels bureaucratic administration is called______________?
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A. oligarchy

B. scientific management

C. humanized bureaucracy

D. informal bureaucracy
6304. The hypothesis is a statement of_____________?
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A. a tentative statement of a topic that is subject to testing

B. a universal truth

C. the scientists conclusions

D. disagreement with a generally accepted theory

6305. Traditional autocracy has been replaced by________________?
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A. democracy

B. tyranny

C. egalitarianism

D. authoritarian or totalitarian ideologies
6306. The study of human group behavior is the definition of________________?
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A. none of the above

B. geology

C. psychology

D. sociology
6307. Todays Catholic Church is classified as a________________?
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A. intergovernmental organization

B. nationless state

C. nongovernmental organization

D. national state

6308. Repeating a research project called ?
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A. replication

B. generalization

C. validation

D. verification

6309. Official sanctions usually entail________________?
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A. public recognition

B. the threat of force

C. all of the above

D. a transgression of the law

6310. The cognitive component of culture__________________?
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A. is made up of rules for behavior

B. consists of values and morals

C. includes knowledge beliefs and technology

D. is part of material culture

6311. Similarities common to all cultures are called_________________?
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A. culture traits

B. culture complexes

C. cultural universals

D. pivotal institution

6312. The United States government began to function in_______________?
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A. 1781

B. 1788

C. 1776

D. 1763

6313. The structural functionalist explanation of social stratification asserts that________________?
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A. nature demands the existence of social classes

B. people were not meant to work

C. there is a limited number of skilled talented people thus they should be rewarded

D. resources are plentiful so there is enough for all

6314. To a person who belongs to it beer can collectors, club is a(n) ?
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A. membership group

B. voluntary group

C. all of the above

D. reference group

6315. The synthesis of the elitist and pluralist approaches realist democracy assumes that_____________?
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A. all of the above

B. new groups can become the new elite

C. the elites have a consensus on basic democracy

D. voters do have a choice in elite competition

6316. Material culture________________?
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A. none of the above

B. illustrates the evolution of tools and includes all objects made by humans

C. is of limited importance to humans

D. has no relation to symbols?

6317. When we refer to how people really behave we________________?
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A. use folkways

B. use statistical norms

C. speak of mores

D. refer to the ideal norms

6318. The most essential element of culture is______________?
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A. a warning system

B. cooperation

C. group activities

D. language
6319. All but WHICH of the following characteristics of humans led to the development of science ?
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A. The use of reason

B. Curiosity

C. Fascination With the self

D. Blushing

6320. Successful socialization for humans requires_______________?
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A. genes alone

B. contact with other humans

C. the absence of others

D. the existence of schools or the media

6321. Federal legislation has sometimes been prompted by_____________________?
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A. inefficiency and sluggishness of state administrations

B. outright opposition by state governments to federal law

C. a general lack of financial resources and professional expertise at the state level

D. all of the above
6322. Most animal behavior is determined by_________________?
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A. animal culture

B. biology and instinct

C. symbolic interaction

D. a system of symbols

6323. Among the reason for overturning death penalty verdicts on appeal are______________?
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A. indications that prosecutors or police withheld information

B. findings of incompetent counsel

C. all of the above

D. improved DNA technology

6324. What were the goals of the Constitutional Convention ?
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A. To preserve the status quo

B. To insure the power of the small farmers

C. To diminish the power of a strong central government

D. To form a government that would serve the interests of all groups in the society
6325. According to Robert Salisbury the crucial factor in turning awareness of an issue into an organized movement is_______________?
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A. mass media

B. leadership

C. all of the above

D. money

6326. The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?
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A. dealignment

B. retrenchment

C. realignment

D. alignment

6327. Tolerance of conflicting ideas has been_________________?
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A. none of the above

B. the downfall of industrialized societies

C. one of the great contributions of democracy

D. a major obstacle to establishing social order

6328. All languages encompass and express notions of____________?
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A. none of the above

B. shame and quilt

C. past and future

D. love and endearment

6329. The major function of the legislative branch is_______________?
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A. get around the administration

B. ensure that legislation is carried out

C. none of the above

D. to enact legislation
6330. An example of unconscious socialization would be____________________?
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A. correcting childs use of worlds

B. child taught to use knife and fork

C. child absorbing parents attitudes toward race

D. child taught to read

6331. What does one call property owned by the state in the name of the people ?
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A. common law

B. private

C. public

D. communal

6332. Deviance that has not been discovered is called ?
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A. secondary deviance

B. sinful deviance

C. primary deviance

D. final deviance

6333. Political scientists Dye and Zeigler maintain that____________?
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A. the elite constitutes a monolithic ruling class

B. elite groups have maximum control over decisions that affect the majority of people

C. the elite works against the public good

D. the elite may be influenced by the masses but it is more likely that it influences the masses
6334. When a few powerful corporation dominate as industry the condition is called_____________?
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A. oligopoly

B. government control

C. none of the above

D. a free market for all

6335. Professionalization means__________________?
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A. interlocking directorates

B. excessive upward mobility

C. racial polarization

D. a combination of theoretical knowledge and training
6336. The unique two-party system in the United States is based on______________?
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A. extremist ideologies

B. the need to have religious representation in government

C. proportional representation

D. broad agreement on basic principles
6337. The research on an isolated Amazon tribe______________?
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A. shows that perceptions affect reality

B. only A and C

C. language affects perceptions of reality

D. supports the Sapir-Whorf hypothesis

6338. Weber,s abstract model of bureaucracy entails______________?
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A. leadership by a self-appointed

B. None of the above

C. task specialization governed by explicit rule

D. a pyramid of authority based on inherited privilege

6339. The Industrial Revolution shifted the emphasis in ownership from land to______________?
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A. gold and silver

B. the means of production machines tools materials

C. serfs

D. precious spices

6340. The unraveling of soviet communism can be traced to______________?
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A. all of the above

B. the failure of the Soviet economy to provide for consumer goods

C. the oppressive role of the Communist Party

D. a failure in raised expectations

6341. What percentage of the earths people live in low-income areas ?
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A. 56%

B. 35%

C. 10%

D. 5%

6342. The powers held by the states include those that are________________?
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A. delegated

B. reserved

C. legislative

D. confederate

6343. The invisible hand refers to_______________?
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A. the fact that prayer results in help

B. a belief in ghosts prevalent in the early Middle Ages

C. a feature of Adam Smith,s Wealth of Nations

D. the belief God exhibited by the Puritans

6344. Psychodynamic approaches to personality are so named because _____________?
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A. all of the above

B. they are based on a sophisticated definition of instinct

C. they emphasize sexual dysfunction

D. they stress the irrational

6345. Communism has a history of attracting Third World nations because of the fact that_____________?
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A. the ideology changes to suit conditions

B. it has not led to dictatorship

C. the ideology is static

D. it promises to give more power to the masses
6346. Drug addiction has been characterized as a victimless crime meaning ?
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A. addicts choose to be addicted and hurt no one but themselves

B. drug users are not responsible for their actions

C. society does care what happens to addicts

D. drug addiction is a sustainable life style

6347. The group way of life characteristic of humans may be traced to____________?
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A. a faulty genetic development

B. the small size of humans relative to other animals

C. our human ancestors way of life in trees

D. the fact that human infants are helpless for a long period of time
6348. Social systems are based on_______________?
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A. expectations as to the behavior of others

B. disorganization

C. haphazard behavior

D. chaos

6349. Which of the following is NOT true of primary relations ?
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A. they cannot exist in secondary groups

B. they are always harmonious

C. the family is the only source of primary relation

D. all of the above
6350. The following factors are important in production_______________?
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A. water space air

B. animal vegetable object

C. earth wind fire

D. technology time efficiency